MRPL signs MoU with Government of Karnataka

4th January 2012.

MRPL signed an MoU with Government of Karnataka on 4th January 2012 to set up a Single Point Mooring (SPM) in the sea off Panambur near NMPT, during the Global Investors Meet which was held as part of the Coastal Region Business Development Summit, Hon’ble CM set the mood for the GIM when he declared all support to those who wanted to invest in the coastal region in his inaugural speech.

As per this MoU, signed in the presence of the who--is-who amongst the decision makers of Dakshin Kannada with Shri D V Sadananda Gowda, Hon’ble CM of Karnataka, at the lead, GoK would facilitate MRPL to obtain all necessary approvals/clearances/infrastructure from the concerned Departments of the State, as per existing policies/rules/regulations.

The total cost of the Project will be Rs1100 Crore and the Project is to be completed in a time bound manner states the MoU that was inked by Shri Vijay Joshi , GGM (Projects) on behalf of MRPL and Shri Maheshwar Rao, Commissioner for Industrial Development and Director of Industries and Commerce, Government of Karnataka.